Saudi Ground Services Co (SAU:4031) Piotroski F-Score: 6 (As of Jul. 01, 2026) — Near Median


SAU:4031 Saudi Ground Services Co SAU:4031
83 GF Score
Price ﷼31.04
GF Value ﷼47.35
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Saudi Ground Services Co Piotroski F-Score?

Saudi Ground Services Co SAU:4031 83 Piotroski F-Score is 6 as of Jul. 01, 2026, which is at its 10-year median of 6.00. GuruFocus rates SAU:4031 with a GF Score™ of 83/100 and a GF Value™ of ﷼47.35 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 973 Transportation companies, Saudi Ground Services Co ranks better than 72.25% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Saudi Ground Services Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Saudi Ground Services Co's Piotroski F-Score or its related term are showing as below:

SAU:4031' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 6

During the past 12 years, the highest Piotroski F-Score of Saudi Ground Services Co was 9. The lowest was 2. And the median was 6.

Saudi Ground Services Co  (SAU:4031) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Saudi Ground Services Co Piotroski F-Score Related Terms


Saudi Ground Services Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Saudi Ground Services Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Saudi Ground Services Co Piotroski F-Score Chart

Saudi Ground Services Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 8.00 9.00 7.00

Saudi Ground Services Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 7.00 7.00 7.00 6.00

SAU:4031 vs JOBY, CAAP: Piotroski F-Score Comparison

For the Airports & Air Services subindustry, Saudi Ground Services Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Saudi Ground Services Co Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Saudi Ground Services Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Saudi Ground Services Co's Piotroski F-Score falls into.


SAU:4031
83GF Score
Saudi Ground Services Co SAU:4031
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 99.373 + 101.503 + 106.206 + 60.452 = ﷼368 Mil.
Cash Flow from Operations was 225.036 + 103.952 + 236.313 + 191.619 = ﷼757 Mil.
Revenue was 688.948 + 683.375 + 685.89 + 672.495 = ﷼2,731 Mil.
Gross Profit was 137.99 + 155.636 + 161.835 + 107.569 = ﷼563 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4380.099 + 4361.907 + 4438.913 + 4324.739 + 4452.831) / 5 = ﷼4391.6978 Mil.
Total Assets at the begining of this year (Mar25) was ﷼4,380 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼110 Mil.
Total Current Assets was ﷼2,593 Mil.
Total Current Liabilities was ﷼1,112 Mil.
Net Income was 78.433 + 81.679 + 95.76 + 97.627 = ﷼353 Mil.

Revenue was 686.514 + 668.65 + 675.483 + 671.495 = ﷼2,702 Mil.
Gross Profit was 143.876 + 140.943 + 214.688 + 163.283 = ﷼663 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4255.027 + 4260.947 + 4248.545 + 4267.753 + 4380.099) / 5 = ﷼4282.4742 Mil.
Total Assets at the begining of last year (Mar24) was ﷼4,255 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼71 Mil.
Total Current Assets was ﷼2,731 Mil.
Total Current Liabilities was ﷼1,311 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Saudi Ground Services Co's current Net Income (TTM) was 368. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Saudi Ground Services Co's current Cash Flow from Operations (TTM) was 757. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=367.534/4380.099
=0.08390998

ROA (Last Year)=Net Income/Total Assets (Mar24)
=353.499/4255.027
=0.08307797

Saudi Ground Services Co's return on assets of this year was 0.08390998. Saudi Ground Services Co's return on assets of last year was 0.08307797. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Saudi Ground Services Co's current Net Income (TTM) was 368. Saudi Ground Services Co's current Cash Flow from Operations (TTM) was 757. ==> 757 > 368 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=109.723/4391.6978
=0.02498419

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=71.044/4282.4742
=0.01658948

Saudi Ground Services Co's gearing of this year was 0.02498419. Saudi Ground Services Co's gearing of last year was 0.01658948. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=2593.333/1112.473
=2.33114242

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2731.096/1311.091
=2.08307127

Saudi Ground Services Co's current ratio of this year was 2.33114242. Saudi Ground Services Co's current ratio of last year was 2.08307127. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Saudi Ground Services Co's number of shares in issue this year was 188. Saudi Ground Services Co's number of shares in issue last year was 188. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=563.03/2730.708
=0.20618462

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=662.79/2702.142
=0.24528319

Saudi Ground Services Co's gross margin of this year was 0.20618462. Saudi Ground Services Co's gross margin of last year was 0.24528319. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=2730.708/4380.099
=0.62343522

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2702.142/4255.027
=0.63504697

Saudi Ground Services Co's asset turnover of this year was 0.62343522. Saudi Ground Services Co's asset turnover of last year was 0.63504697. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+0+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Saudi Ground Services Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Saudi Ground Services Co (SAU:4031) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Saudi Ground Services Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Saudi Ground Services Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Saudi Ground Services Co ranks #270 out of 973 companies in the Transportation industry, placing it in the top 27.7%.
Is Saudi Ground Services Co's Piotroski F-Score too high?
Saudi Ground Services Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Saudi Ground Services Co's value of 6 is 0% at this industry median. Based on the distribution chart, Saudi Ground Services Co ranks #270 out of 973 companies in the Transportation industry, which is above the industry midpoint. Overall, Saudi Ground Services Co has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saudi Ground Services Co's Piotroski F-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Saudi Ground Services Co ranks #270 out of 973 companies for Piotroski F-Score. This puts Saudi Ground Services Co in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Saudi Ground Services Co's value of 6 is 0% at this benchmark. Historically, Saudi Ground Services Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Saudi Ground Services Co has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 973 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saudi Ground Services Co's current Piotroski F-Score of 6 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Saudi Ground Services Co and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saudi Ground Services Co's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Ground Services Co stock overvalued right now?
Based on GuruFocus' analysis, Saudi Ground Services Co (SAU:4031) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼47.35, compared to a current price of ﷼31.04 — trading 34.4% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Transportation industry median of 6.00. Saudi Ground Services Co's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Saudi Ground Services Co (SAU:4031), the current Piotroski F-Score is 6 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Saudi Ground Services Co (SAU:4031) Overvalued in 2026?

Based on GuruFocus' analysis, Saudi Ground Services Co stock appears to be undervalued. The current stock price of ﷼31.04 is trading 34.4% below its estimated GF Value™ of ﷼47.35. GuruFocus considers Saudi Ground Services Co to be Significantly Undervalued.

Key valuation signals for SAU:4031:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ﷼47.35 vs. price of ﷼31.04 (34.4% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 0% at the Transportation median (#270 of 973)

No single metric tells the full story. See the SAU:4031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saudi Ground Services Co Business Description

Address King Abdul Aziz Road, Al Yasamin Commercial Center, P.O.Box:48154, Al-Basatin district, Jeddah, SAU, 21572
Saudi Ground Services Co provides ground management services to airline customers. The company is engaged in providing aircraft cleaning, passenger handling, fuel, baggage, and ground handling services to Saudi Arabian Airlines as well as other local and foreign airlines.
83GF Score

Get the complete analysis for SAU:4031

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

﷼31.04
Price
﷼47.35
GF Value